Shariah compliant financing
Shariah compliant financing, based on Murabaha
No down payment
The customer is not required to pay a down payment in cash. The land value will be considered as down payment.
REDF will cover profit portion of the finance up to a maximum finance amount of SAR 500,000 through Madoom subsidy Program.
Takaful Life Insurance
Free Takaful life coverage against death or permanent disability –God forbid- without any medical test for finance amount up to SAR 2,500,000.
Free Takaful property coverage against fire and natural disasters such as floods, storms, earthquakes and resulting damages.
Maximum debt burden ratio (DBR) is 65% out of the gross income.